China's largest food delivery company fined $533 million for 'monopolistic behavior'

China's crackdown on big technology companies continues

China's largest food delivery company fined $533 million for 'monopolistic behavior' | BEAMSTART News

- From our Sponsors -

Meituan, one of the largest food delivery companies in China, has just been fined $533.8 million by regulators.

The company was fined under the grounds of "monopolistic behaviour", and abusing its dominant market position to take advantage of small businesses.

- Featured Sponsor -

What Happened:

  • In April 2021, China's regulatory authorities started an antitrust probe into Meituan’s suspected abuse of market dominance in the online food delivery market.
  • After investigation, it was determined that Meituan has taken advantage of its dominant market position to implement differential rates and delaying the launch of businesses that applied for its services. 
  • Meituan also encouraged merchants to sign exclusive cooperation agreements, collected exclusive cooperation deposits, and used data, algorithms, and other technical means to further strengthen their market dominance.

Why It Matters

  • The fines imposed on Meituan make up approximately 3% of the company's 2020 revenues.
  • Meituan's fines were expected to be over $700 million instead of $533 million.
  • This move falls in line with China regulator's goals of ensuring small and medium enterprises are able to thrive, and that big technology companies do not yield too much power.

- From our Sponsors -

Latest Jobs

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital


Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

Operations Executive



Full Time

SGD 2800 — SGD 3500 monthly

Site Reliability Engineer



Full Time

SGD 2000 — SGD 3500 monthly

Live Streaming Operator


Tangerang, Indonesia

Full Time

SGD 800 — SGD 1100 monthly

Mobile Developer


Jakarta, Indonesia

Full Time

SGD 1000 — SGD 1100 monthly

Engineering Manager


Indonesia Bulk Terminal, Indonesia

Full Time

SGD 1500 — SGD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).